Almost Family Inc (AFAM) Shares Bought by Kellner Capital LLC

Kellner Capital LLC lifted its stake in shares of Almost Family Inc (NASDAQ:AFAM) by 43.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 61,700 shares of the company’s stock after acquiring an additional 18,700 shares during the quarter. Almost Family comprises about 2.1% of Kellner Capital LLC’s investment portfolio, making the stock its 18th biggest holding. Kellner Capital LLC owned 0.44% of Almost Family worth $3,455,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of AFAM. Stone Ridge Asset Management LLC acquired a new position in shares of Almost Family during the fourth quarter valued at approximately $226,000. Teacher Retirement System of Texas acquired a new position in shares of Almost Family during the fourth quarter valued at approximately $230,000. Renaissance Technologies LLC acquired a new position in shares of Almost Family during the fourth quarter valued at approximately $244,000. Jane Street Group LLC acquired a new position in shares of Almost Family during the fourth quarter valued at approximately $260,000. Finally, MetLife Investment Advisors LLC acquired a new position in shares of Almost Family during the fourth quarter valued at approximately $341,000. Institutional investors and hedge funds own 84.64% of the company’s stock.

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Almost Family stock opened at $56.00 on Friday. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $783.59 million, a price-to-earnings ratio of 26.67, a price-to-earnings-growth ratio of 1.15 and a beta of 0.58. Almost Family Inc has a 1 year low of $40.15 and a 1 year high of $66.15.

Almost Family (NASDAQ:AFAM) last posted its quarterly earnings results on Monday, February 26th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.58. Almost Family had a net margin of 2.56% and a return on equity of 5.88%. The firm had revenue of $200.62 million for the quarter, compared to analyst estimates of $203.44 million. During the same quarter in the previous year, the business posted $0.59 earnings per share. The firm’s quarterly revenue was up 30.8% compared to the same quarter last year. sell-side analysts predict that Almost Family Inc will post 2.87 earnings per share for the current year.

Several research analysts have issued reports on the stock. BidaskClub upgraded shares of Almost Family from a “strong sell” rating to a “sell” rating in a research report on Wednesday, February 7th. Zacks Investment Research upgraded shares of Almost Family from a “sell” rating to a “hold” rating in a research report on Thursday, March 1st. JPMorgan Chase decreased their price target on shares of Almost Family from $59.00 to $56.00 and set a “neutral” rating on the stock in a research report on Monday, March 5th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $59.00 price target on shares of Almost Family in a research report on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $62.50.

Almost Family Company Profile

Almost Family, Inc is a provider of home healthcare services. The Company has two divisions: Home Health and Healthcare Innovations (HCI). The Home Health division consists of two segments: Visiting Nurse Services (VN or Visiting Nurse) and Personal Care Services (PC or Personal Care). The VN segment provides a range of Medicare-certified home health nursing services to patients in need of recuperative care, following a period of hospitalization or care in another type of inpatient facility.

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